$6.1M Class Settlement Proposed In ERISA Case Over Alleged Mismanagement

(October 9, 2023, 10:34 AM EDT) -- BIRMINGHAM, Ala. — Plaintiffs in an Employee Retirement Income Security Act suit over alleged mismanagement of a retirement plan have moved in Alabama federal court for preliminary approval of a $6.1 million class settlement with PNC Financial Services Group Inc. that they say “represents roughly 7.8% of the estimated maximum full recovery.”...